Civic Intelligence

Texas College

990 • Fiscal year 2016 • EIN 75-0917417

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 03, 2017

2404 N Grand AvenueTyler, TX 75702

(903) 593-8311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.54x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

1.20x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

52nd percentile

2.7%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$338,705

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

95th percentile

48%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

69th percentile

9.2%

Faster revenue growth than 69% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$34,294,773

Up $11,143,964 (+48%) from 2015

Net Assets

Up

$15,677,268

Up $545,333 (+3.6%) from 2015

Liabilities

Up

$18,617,505

Up $10,598,631 (+132%) from 2015

Revenue

Up

$15,560,084

Up $1,307,628 (+9.2%) from 2015

Expenses

Up

$15,144,588

Up $2,118,472 (+16%) from 2015

Net Income

Down

$415,496

Down $810,844 (-66%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $11,682,419Liabilities 2010: $2,517,865Net Assets 2010: $9,164,5542010Assets 2011: $12,913,147Liabilities 2011: $2,764,363Net Assets 2011: $10,148,7842011Assets 2012: $13,730,946Liabilities 2012: $2,308,798Net Assets 2012: $11,422,1482012Assets 2013: $13,805,803Liabilities 2013: $1,800,913Net Assets 2013: $12,004,8902013Assets 2014: $15,314,997Liabilities 2014: $1,382,204Net Assets 2014: $13,932,7932014Assets 2015: $23,150,809Liabilities 2015: $8,018,874Net Assets 2015: $15,131,9352015Assets 2016: $34,294,773Liabilities 2016: $18,617,505Net Assets 2016: $15,677,2682016Assets 2017: $37,179,517Liabilities 2017: $20,496,630Net Assets 2017: $16,682,8872017Assets 2018: $38,202,397Liabilities 2018: $21,908,844Net Assets 2018: $16,293,5532018Assets 2019: $46,033,573Liabilities 2019: $28,247,585Net Assets 2019: $17,785,9882019Assets 2020: $47,766,494Liabilities 2020: $27,477,882Net Assets 2020: $20,288,6122020Assets 2021: $53,330,557Liabilities 2021: $8,779,430Net Assets 2021: $44,551,1272021Assets 2022: $58,932,373Liabilities 2022: $7,047,630Net Assets 2022: $51,884,7432022Assets 2023: $62,529,622Liabilities 2023: $7,242,762Net Assets 2023: $55,286,8602023Assets 2024: $67,273,267Liabilities 2024: $7,101,260Net Assets 2024: $60,172,0072024Assets 2025: $69,678,410Liabilities 2025: $7,328,127Net Assets 2025: $62,350,2832025

Highlighted filing

2016

Assets$34,294,773
Liabilities$18,617,505
Net Assets$15,677,268

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $14,409,2592010Expenses 2011: $14,547,8592011Expenses 2012: $12,966,7542012Expenses 2013: $12,266,4282013Revenue 2014: $13,971,477Expenses 2014: $12,274,803Net Income 2014: $1,696,6742014Revenue 2015: $14,252,456Expenses 2015: $13,026,116Net Income 2015: $1,226,3402015Revenue 2016: $15,560,084Expenses 2016: $15,144,588Net Income 2016: $415,4962016Revenue 2017: $17,983,340Expenses 2017: $17,300,612Net Income 2017: $682,7282017Revenue 2018: $16,479,278Expenses 2018: $17,280,325Net Income 2018: -$801,0472018Revenue 2019: $18,914,691Expenses 2019: $17,387,425Net Income 2019: $1,527,2662019Revenue 2020: $18,282,098Expenses 2020: $15,915,661Net Income 2020: $2,366,4372020Revenue 2021: $16,189,666Expenses 2021: $11,361,560Net Income 2021: $4,828,1062021Revenue 2022: $22,124,244Expenses 2022: $13,451,317Net Income 2022: $8,672,9272022Revenue 2023: $17,244,694Expenses 2023: $13,960,954Net Income 2023: $3,283,7402023Revenue 2024: $19,163,497Expenses 2024: $14,808,534Net Income 2024: $4,354,9632024Revenue 2025: $18,493,524Expenses 2025: $16,839,973Net Income 2025: $1,653,5512025

Highlighted filing

2016

Revenue$15,560,084
Expenses$15,144,588
Net Income$415,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 3, 2017
Return Version
2015v3.0
Gross Receipts
$15,560,084
Mission and Program Overview

Mission

To ensure that the student body experiences balanced intellectual, psychological, social and spiritual development, aimed at enabling them to become active productive members of society where they live and work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,975,956$27,189,301▲ $10,213,345
Investments in Publicly Traded Securities$3,014,703$3,221,166▲ $206,463
Accounts Receivable$2,358,032$2,350,458▼ $7,574
Cash and Non-Interest-Bearing Accounts$446,690$484,568▲ $37,878
Prepaid Expenses and Deferred Charges$355,428$117,124▼ $238,304
Investments Other Securities-$100,000-
Total Assets$23,150,809$34,294,773▲ $11,143,964
Other Assets Total-$832,156-
Liabilities
Tax Exempt Bond Liabilities$6,381,500$16,912,390▲ $10,530,890
Accounts Payable and Accrued Expenses$643,437$1,134,951▲ $491,514
Mortgage Notes Payable Secured by Investment Property$993,937$570,164▼ $423,773
Total Liabilities$8,018,874$18,617,505▲ $10,598,631
Net Assets / Fund Balance
Unrestricted Net Assets$13,045,299$13,490,632▲ $445,333
Permanently Rstr Net Assets$1,863,165$1,963,165▲ $100,000
Temporarily Rstr Net Assets$223,471$223,471→ $0
Total Net Assets Fund Balance$15,131,935$15,677,268▲ $545,333
Total Liabilities and Net Assets / Fund Balance$23,150,809$34,294,773▲ $11,143,964

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,598,617$9,414,099$29,012,716
Equipment$6,867,371$3,298,707$10,166,078
Land$723,313-$723,313

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,863,165$100,000▲ $94,837-$1,963,165
2014$1,863,165-▼ $27,198-$1,863,165
2013$1,863,527-▲ $231,229$362$1,863,165
2012$1,718,210$144,955▲ $160,442-$1,863,527
2011$1,593,210$125,000▲ $109,743-$1,718,210
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Dwight J FennellPresidentFT$236,639$102,066$338,705
Mr James E HarrisVice President for Business FinanceFT$90,000-$90,000
Mrs Cynthia Marshall-BigginsVice President for Academic AffairsFT$77,250-$77,250
Mr Edgar BerryVice President for Student AffairsFT$75,000-$75,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
CurMont Food Services Group LLCFood Service Provider4135 S Stream Boulevard Suite 250, Charlotte, NC 28217$762,675
Fail Safe Security AgencyCampus Security2601 W Gentry Parkway Suite C, Tyler, TX 75702$404,282
Yarbrough & Wilcox PLLCLegal Services100 E Ferguson Street Suite 1015, Tyler, TX 75202$203,954
Tyco Integrated Security ServicesAlarm and Camera1600 Wallace Drive Suite 100, Carrollton, TX 75006$151,170
Elliott Travel and ToursTravel Services5801 Marvin D Lve Freeway 232, Dallas, TX 75237$129,750
Revenue and Support

Revenue Composition

Contributions and Grants
$3,318,636
Program Service Revenue
$12,056,827
Investment Income
$11,626
Other Revenue
$172,995
All Other Contributions
$1,116,703
Change in Net Assets
$415,496

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art3$100,000Appraisal
Total Noncash Contributions3$100,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,560,084
Revenue Not Reported on Form 990
$129,837
Total Revenue per Audited Statements
$15,689,921
Total Revenue per Form 990
$15,560,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,749,372
Grants and Similar Amounts Paid$754,261
Salaries, Compensation, and Employee Benefits$640,955
Total Fundraising Expense$107,069
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$155,515$4,645,105$107,069$4,907,689
All Other Expenses$2,651,078--$2,651,078
Grants to Domestic Individuals$754,261--$754,261
Current Officers, Directors, Trustees, and Key Employees-$640,955-$640,955
Total Functional Expenses$9,354,392$5,683,127$107,069$15,144,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,144,588
Total Expenses per Audited Statements$15,144,588
Total Expenses per Form 990$15,144,588
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The College presents the Form 990 to its finance/audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the Form 990 is either modified before it is filed or an amendment is filed for any changes required from the finance/audit committes review.

Form 990, Part VI, Section B, Line 12C

Trustees are required to disclose at the next convening Board of Trustees meeting any conflict of interest. Board members with a conflict of interest on a matter for vote must abstain from voting. The Colleges audit/finance committee is responsible fo ensuring adherence to the policy.

Form 990, Part VI, Section B, Line 15A

The Board of Trustees, based on predetermined areas of performance, evaluates the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of salaries at peer institutions is conducted to assist in arriving at a recommendation to the Executive Committee for approval.

Form 990, Part VI, Section B, Line 15B

Compensation for top officers of the College is at the discretion of the President. This discretion is based on 1 previous salary, 2 market data from the CUPA Survey published in the Chronicle of Higher Education, and 3 the bargaining process.

Form 990, Part VI, Section C, Line 19

The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies contact the business office and submit a request identifying the specific documents.

Filing and Contact Details

Filer

Filer Name
Texas College
EIN
75-0917417
Phone
9035938311
Address
2404 N Grand Avenue, Tyler, TX 75702

Signing Officer

Name
James Harris
Title
Vice President of Business Finance
Signed
2017-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Harris
Formed
1944
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
188
Volunteers
19

Preparer

Firm
Murphy and Company PC
Address
1475 Klondike Road Suite 100, Conyers, GA 30094
Preparer
Keith X Terrell
Phone
4048740555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

The College presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains and losses on investments during the fiscal year.

Financial Statement Notes

V 4

The endowment funds shown are permanently restricted. The College does not intend to use the funds.

X 2

Accounting principles generally accepted in the United States of America require the Colleges management to evaluate tax positions taken by the College and to recognize a tax liability or asset if the College has taken an uncertain tax position that will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken by the College for the year ended June 30, 2016 and believes that there are no such positions as of June 30, 2016. Accordingly, no liability has been accrued. There are no years under examination by any taxing authority.

III 4

This Work from the Benny Andrews art collection was gifted to the College from the Benny Andrews Foundation, Inc. via the UNCF. The displays are used for public exhibition, but more importantly for the informational and educational programs of artists through endeavors such as lectures and workshops.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Jerry L Christian Sr
IRS990/Form990PartVIISectionAGrp/PersonNm1Dr Bobby Best
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Kenneth Carter
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Tyrone T Davis
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Charles Hill
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Jesse Jones
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Charles J King Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Dr Donald R Madlock Sr
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Leon McCowan Sr
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Timothy McKay
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Patricia M Donley-McKenzie
IRS990/Form990PartVIISectionAGrp/PersonNm11Attorney Clifton Roberson
IRS990/Form990PartVIISectionAGrp/PersonNm12Mr Spencer Hervey
IRS990/Form990PartVIISectionAGrp/PersonNm13Mrs Sarah D Wilborn
IRS990/Form990PartVIISectionAGrp/PersonNm14Dr Selwyn Willis
IRS990/Form990PartVIISectionAGrp/PersonNm15Ms Pene G Woods
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Jerry Wolverton
IRS990/Form990PartVIISectionAGrp/PersonNm17Bishop Lawrence L Reddick III
IRS990/Form990PartVIISectionAGrp/PersonNm18Dr Dwight J Fennell
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr James E Harris
IRS990/Form990PartVIISectionAGrp/PersonNm20Mrs Cynthia Marshall-Biggins
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr Edgar Berry
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt18President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President for Business Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President for Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President for Student Affairs
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$69.7$7.33$62.4$18.5$16.8$1.65
2024Detailed filing. Detailed filing data is available for this year.$67.3$7.10$60.2$19.2$14.8$4.35
2023Detailed filing. Detailed filing data is available for this year.$62.5$7.24$55.3$17.2$14.0$3.28
2022Detailed filing. Detailed filing data is available for this year.$58.9$7.05$51.9$22.1$13.5$8.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$8.78$44.6$16.2$11.4$4.83
2020Detailed filing. Detailed filing data is available for this year.$47.8$27.5$20.3$18.3$15.9$2.37
2019Detailed filing. Detailed filing data is available for this year.$46.0$28.2$17.8$18.9$17.4$1.53
2018Detailed filing. Detailed filing data is available for this year.$38.2$21.9$16.3$16.5$17.3$0.80
2017Detailed filing. Detailed filing data is available for this year.$37.2$20.5$16.7$18.0$17.3$0.68
2016Detailed filing. Detailed filing data is available for this year.$34.3$18.6$15.7$15.6$15.1$0.42
2015Detailed filing. Detailed filing data is available for this year.$23.2$8.02$15.1$14.3$13.0$1.23
2014Detailed filing. Detailed filing data is available for this year.$15.3$1.38$13.9$14.0$12.3$1.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.80$12.0$12.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$2.31$11.4$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$2.76$10.1$14.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$2.52$9.16$14.4